Robinhood stock slips as venture fund tees up $1 billion IPO roadshow
Robinhood Markets shares fell 1.7% to $74.67 Tuesday after the company launched IPO marketing for Robinhood Ventures Fund I, targeting a $1 billion raise and NYSE listing under the symbol RVI. The fund aims to sell 40 million shares at $25 each. Bitcoin slipped 0.2% to $67,336. CEO Vlad Tenev and executives will present details in a webcast at 1 p.m. ET.